— CSX Corporation (NASDAQ: CSX) reported its fourth-quarter 2019 earnings of $0.99 per share versus $0.97 per share expected.
— Revenue fell by 8% to $2.89 billion versus $2.92 billion expected. This was due to lower volumes and negative mix from coal market headwinds.
— Expenses decreased by 9% year-over-year to $1.73 billion, driven by continued efficiency gains and volume-related savings.
— Domestic coal volume declined by 14% due to lower shipments of utility coal as a result of continued competition from natural gas.
— Export coal fell by 20% due to lower international shipments of both thermal and metallurgical coal as global benchmark prices declined.
— The operating performance continued to improve in the fourth quarter, with train velocity increasing 12% and car dwell decreasing 9%, both to all-time record levels.
— Looking ahead into the full year 2020, the company expects revenue to be flat to down 2%. The company expects an operating ratio of 59%.
— Capital expenditures are anticipated to be in the range of $1.6 billion to $1.7 billion for the full year. The company continues to return capital to shareholders in 2020.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
